Reply #45: U.S. Sept. construction spending falls 0.3% [View All]

[54anickel]

http://www.marketwatch.com/news/story/story.aspx?guid=%7BECF47F09-C982-46D0-B102-40256137B317%7D

WASHINGTON (MarketWatch) -- Outlays on U.S. construction projects fell 0.3% in September, led by drops in spending on private residential construction and federal building projects, the government said Wednesday.
Private residential construction spending fell 1.1% in September after declining by 1.6% in August, according to the Commerce Department.
In a reflection of the ongoing housing slowdown, September marked the sixth consecutive month that spending on private residential construction fell. Over the past twelve months spending is down 6.9%
Overall private construction spending dropped by 0.7%. But it is up 0.6% in the past year.
Spending on federal construction projects dropped by 1.5% in September.
Total construction spending was revised to neither rise nor fall in August.
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